The Kings announced Sept. 23, 2013, that O'Neal has acquired a minority stake in the team under new owner Vivek Ranadive. The Kings will introduced the four-time NBA champion at a news conference one day later. (Mark J. Terrill/AP)

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Jay-Z

Jay Z is a part-owner of the Brooklyn Nets, previously known as the New Jersey Nets. (Julio Cortez/AP)

Mark Cuban has become a celebrity in part due to his ownership of the Dallas Mavericks. On Jan. 4, 2000, Cuban purchased a majority stake in the Mavericks for $285 million from H. Ross Perot Jr. (LM Otero/AP)

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Justin Timberlake

Entertainer Justin Timberlake recently became a minority owner of the Memphis Grizzlies. Timberlake is from Memphis. (Evan Agostini/AP)

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Will Smith

Will Smith owns part of the Philadelphia 76ers. He purchased minority ownership of his hometown team in 2011. (Claude Paris/AP)

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Nelly

Rapper Nelly is a co-owner of the Charlotte Bobcats. (Danny Moloshok/AP)

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Usher

Musical superstar Usher is a co-owner of the Cleveland Cavaliers. (AP Photo)

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Earvin "Magic" Johnson

A group that includes former Lakers star Magic Johnson agreed on March 28 to buy the Los Angeles Dodgers from Frank McCourt for a record $2.1 billion. (Joe Kohen/ AIDS Healthcare Foundation/AP)

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Phil Mickelson

Phil Mickelson became a co-owner of the San Diego Padres in August. (David Goldman/AP)

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Bill Maher

Comedian and television host Bill Maher bought a minority share of the New York Mets in 2012. (Chris Pizzello/AP)

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Bill Murray

Actor Bill Murray is a lifelong Chicago Cubs fan but he is also minority owner of the St. Paul Saints, an independent minor league baseball team. (Lionel Cironneau/AP)

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Gene Autry

The late Gene Autry, the Singing Cowboy, once held minority ownership of the 1950s minor-league team the Hollywood Stars. But he's known most famously as the first majority owner of the Los Angeles Angels of Anaheim. (Reed Saxon/AP)

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Bob Hope

Legendary entertainer Bob Hope became a minority owner of the Cleveland Indians after Bill Veeck acquired the team in 1946. Hope, who died in 2003, even graced the cover of Sports Illustrated in 1963, wearing an Indians uniform. (Damian Dovarganes/AP)

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George W. Bush

Before becoming the 43rd president of the United States, George W. Bush was the owner of the Texas Rangers. Since leaving office, he has been a guest of current Rangers owner Nolan Ryan at the Ballpark in Arlington. (LM Otero/AP)

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Ted Turner

Ted Turner, the founder of CNN, also held a majority stake in the Atlanta Braves and the NBA's Hawks for many years before selling his interest in both franchises. (Evan Agostini/AP)

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Nick Lachey

In 2006, Nick Lachey bought one-third of the minor-league Tacoma Rainiers, the Triple-A affiliate of the Seattle Mariners. (Seth Wenig/AP)

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Drew Carey

Comedian, actor and game show host Drew Carey not only is a big supporter of the Seattle Sounders MLS team, he's also a co-owner. (Dan Steinberg/AP)

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Oscar De La Hoya

Oscar De La Hoya is enjoying his days in retirement from boxing as a co-owner of MLS's Houston Dynamo. (Dan Steinberg/AP)

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Elton John

Elton John loves soccer and, in 1976, bought an ownership stake in the English club Waterford. He sold his stake in 2006 but is still Watford's Honorary Life President. (Sergei Chuzavkov/AP)

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LeBron James

When Miami Heat forward LeBron James isn't winning NBA titles, he's keeping an eye on English Premier League side Liverpool. He bought a part of the club in 2011. (Lynne Sladky/AP)

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Silvio Berlusconi

Silvio Berlusconi, who served as Italy's prime minister three times, is the majority owner of the renowned soccer club AC Milan. (Gregorio Borgia/AP)

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Michael Buble

Michael Buble, a native of British Columbia, has been a co-owner of the Vancouver Giants major junior hockey team since 2008. (Peter Kramer/AP)

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Jon Bon Jovi

Rocker Jon Bon Jovi, a big sports fan, is a co-owner of the Philadelphia Soul of the Arena Football League. (Gerald Herbert/AP)

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Burt Reynolds

Burt Reynolds is famous for, among other things, his "Smokey and the Bandit" movies. In 1982, he became a co-owner of the Tampa Bay Bandits, which got its nickname from the movies. (Matt Sayles/AP)

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John Candy

In 1991, actor John Candy became a co-owner of the Canadian Football League's Toronto Argonauts along with Wayne Gretzky. Candy died three years later at age 43. (AP Photo)

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Tim McGraw

Country music superstar Tim McGraw, son of former major league pitcher Tug McGraw, was once a minority owner of the Arena Football League's Nashville Kats. (Mark Humphrey/AP)

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Gloria Estefan

Miami native Gloria Estefan joined her husband, Emilio, as co-owners of the Miami Dolphins in June 2009. (Charles Sykes/AP)

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Jennifer Lopez

Jennifer Lopez is also a co-owner of the Miami Dolphins. (Thibault Camus/AP)

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Fergie

Fergie is another singer who has co-ownership of the Miami Dolphins. (Phil McCarten/AP)

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Marc Anthony

Singer Marc Anthony, ex-husband of Jennifer Lopez, also owns a part of the Miami Dolphins. (J. Scott Applewhite/AP)